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Exercise 7-4 Basic Segmented Income Statement [LO7-4) Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the
Exercise 7-4 Basic Segmented Income Statement [LO7-4) Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: points Skipped Product Weedban Greengrow Selling price per unit $ 6.00 $ 7.50 Variable expenses per $ 2.40 $ 5.25 unit Traceable fixed $ 45,000 $21,000 expenses per year eBook Hint Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. References Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengro Company 0 0 0 0 $ 0 $ 0 TUL
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